Mathematics, 17.11.2020 02:10, treylartigue

Tom made $40,000 in taxable income last year. Suppose the income tax rate is 10% for the first $8500 plus 16% for the amount over $8500. How much must Tom pay in income tax for last year?

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Tom made $40,000 in taxable income last year. Suppose the income tax rate is 10% for the first $8500...